They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin
The New York Times
The ranks of cryptocurrency speculators have swelled, with even obscure tokens minting the newly wealthy: at least on the blockchain.
Etienne vantKruys, a globe-trotting cryptocurrency investor from Amsterdam, was hunting for a new investment two summers ago when he met some early backers of Luna, a digital coin that offers a framework for decentralized finance. Impressed by their commitment to the project, he bought $25,000 of Luna for 20 to 35 cents a coin.
These days, despite a recent fall in cryptocurrency prices, the value of a Luna coin is up to around $50. Mr. vantKruys’ original investment? It’s now worth about $5 million on paper.
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